Use the Contingency Table to Solve the Problem

question 32

Multiple Choice

Use the contingency table to solve the problem.
-The following contingency table shows the popular votes cast in the 1984 presidential election cross classified by region and political party. Data are in thousands, rounded to the nearest thousand. What percentage of the voters were in the Midwest?

• A)40.6%
• B)27.5%
• C)11.3%
• D)41.3%

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Definitions:

Discounted Cash Flow

A valuation method used to estimate the attractiveness of an investment opportunity by calculating the present value of expected future cash flows using a discount rate.

Cash Payback Period

The duration of time it takes for an investment to generate enough cash flow to recover its initial outlay.

Straight-Line Method

A technique for figuring out an asset's depreciation, apportioning a consistent depreciation value annually throughout the asset's lifespan.

Net Present Value

Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows over a period of time, used in capital budgeting to assess the profitability of an investment.